Wipro Ltd (WIT) stock analysis
Close on Nov 11, 2026Market cap $22.66BP/E 16.2Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Wipro passes 10 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 0/6
- Past performance
- 6/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Return on equity over 15%
Return on equity was 15.4% over the last twelve months and averaged 16.5% over five years.
Return on capital over 10%
Return on invested capital was 12.7%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 19.0% of shareholders' equity, under the 40% we consider low.
Earnings grew over 5 years
Net income grew 4.1% a year on average over the last five fiscal years.
What to watch
Revenue growing under 10% a year
Revenue grew 0.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.7% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew 0.5% over the last twelve months, against a 5-year average of 4.1% a year.
Growing slower than the industry
Revenue grew 4.0% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth0/6
Revenue growing under 10% a year
Revenue grew 0.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.7% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew 0.5% over the last twelve months, against a 5-year average of 4.1% a year.
Growing slower than the industry
Revenue grew 4.0% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance issued
The latest outlook (Quarter ending June 30, 2026 revenue from our IT Services business segment, Apr 17, 2026) was issued for the first time, so it neither adds nor takes away points.
Gross margin slipping
Gross margin was 29.2% over the last twelve months, against 30.7% a year earlier.
Past performance6/6
Return on equity over 15%
Return on equity was 15.4% over the last twelve months and averaged 16.5% over five years.
Return on capital over 10%
Return on invested capital was 12.7%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Wipro's return on equity of 15.4% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.2%.
Earnings grew over 5 years
Net income grew 4.1% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 14.2% over the last twelve months, against a 5-year average of 13.9%.
Net margin above the industry
Wipro's net margin of 14.2% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health4/6
Low debt
Debt is 19.0% of shareholders' equity, under the 40% we consider low.
Debt rising against equity
Debt to equity rose from 15.1% five years ago to 19.0%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 88.9% of total debt.
Interest well covered
Operating income covers interest expense 10.4 times.
Short-term assets cover short-term debts
Current assets are 2.05 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Wipro has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Wipro. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $22.55M
- Value traded per 1% price move
- $10.17M
Downside
Medium risk
- Typical loss in a bad month
- 21.1%
- Volatility (annualized)
- 47%
- Sharpe ratio, 1 year
- -0.47
- Beta to the S&P 500 (5Y)
- 0.85
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2016 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.0% | +0.8% | +8.4% | +6.1% | |
| Gross profit | -1.1% | +1.3% | +6.6% | +5.7% | |
| Operating income | -0.0% | +2.7% | +4.2% | +4.6% | |
| Net income | +0.5% | +5.2% | +4.1% | +4.0% | |
| EPS, diluted | +0.3% | +6.7% | +5.7% | +6.4% | |
| Free cash flow | -13.6% | +4.9% | +0.9% | +7.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 19.4% | 15.4% | |
| Return on assets | – | 13.1% | 9.8% | |
| Current ratio | 2.35 | 2.27 | 2.05 | |
| Debt to equity | 0.27 | 0.15 | 0.19 | |
| Net debt to EBITDA | 0.77× | -0.57× | – | |
| Interest coverage | 15.8× | 24.2× | 10.4× | |
| Inventory turnover | – | 289.0× | 1083.7× | |
| Capex to revenue | 3.8% | 3.2% | 1.7% | |
| Diluted shares | 12.99B | 11.32B | 10.50B |
Where the cash went
Fiscal 2022 to 2026, five years combined
Wipro generated ₹736.36B from operations and spent ₹442.47B on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 14.2% | 0.68× | 1.58× | 15.4% |
| FY2025 | 14.7% | 0.73× | 1.55× | 16.6% |
| FY2024 | 12.3% | 0.77× | 1.52× | 14.4% |
| FY2023 | 12.5% | 0.80× | 1.57× | 15.8% |
| FY2022 | 15.4% | 0.83× | 1.58× | 20.2% |
| FY2021 | 17.4% | 0.75× | 1.48× | 19.4% |
| FY2020 | 15.9% | 0.74× | 1.47× | 17.3% |
| FY2019 | 15.4% | 0.74× | 1.52× | 17.1% |
| FY2018 | 14.7% | 0.70× | 1.55× | 16.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero₹131.97B
- Cash generatingOperating cash flow above zero₹149.32B
- Return on assets improvedROA up on the prior year11.4% → 10.3%
- Earnings backed by cashOperating cash flow above net income₹149.32B vs ₹131.97B
- Less leverageLong-term debt to assets fell5.0% → 0.1%
- Better liquidityCurrent ratio rose2.72 → 2.05
- No dilutionShare count did not rise10.49B → 10.50B
- Gross margin improvedGross margin up on the prior year30.65% → 29.16%
- More efficientAsset turnover rose0.77 → 0.72
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